Braemar Property Value Report: March-April 2021 (Arista Series)

Braemar Property Value Report: March-April 2021 (Arista Series)

Looking out my window the past few days, the reality that spring is here is evident in the blooming of my American Fringe Tree. As a Top Bristow Real Estate Agent, I’ve been running like crazy since the beginning of the year. Time has a tendency to fly by. With March and April behind us, it is time for me to get to my Braemar Property Value Reports. Today’s edition is for Arista homes in the neighborhood, which are the largest, built by Brookfield Homes, in Braemar. Braemar Arista homes include the Allister, Buckingham and Canterbury models by Brookfield Homes.

There were two Arista homes that sold during our current reporting period of March and April 2021. The details of those sales are detailed below:

Wow! There is a big difference in price between these two Canterburys. Just a stroll through the listing photos revealed the sale from April 16th could have benefited from refinished hardwood floors. When they show worn in a photo, they are probably even more so in person. That may have helped them over come their lot which has an unobstructed view of the cell phone tower. Both had done nothing to neutralize colors, but the one that sold on April 20th had upgraded kitchen counters, flooring in better shape and more finished space in the basement.

Taking these two sales and combining them with the previous ten months of Arista home sales to give us one year’s worth of data, the six and twelve month values are updated and show a very noticeable difference.

The sold price column will have Arista home owners jumping for joy. The six month average sold price is nearly ten percent higher than the twelve month average sold price. The six month median sold price is almost fifteen percent higher than the twelve month median sold price. Braemar Arista homes are sky rocketing in price.

Seller subsidy (closing cost help to buyer from seller) is at zero in both six month values and even the twelve month median. You have to go to the twelve month average to see anything at all. A glance at the Arista homes sold in the past year revealed that seller subsidy seems to have gone completely absent as of September last year. Buyers are having to come in with very few requests of sellers these days to get accepted in multiple offer situations.

Days on market shows the six month average and six month median both at two days. Not a big change in the median days on market when compared to the twelve month time frame. The twelve month average was about a week and a half. Homes are going super fast these days.

If you placed your Braemar Arista home on the market, priced to current conditions, you could expect it to be under contract in a matter of days after multiple offers and be confident you will give nothing in seller subsidy.

The next Braemar Property Value Report will be out in July. Until then, get in touch with me when a sale of your Braemar home is on the horizon. Any home will sell in a seller’s market, but well prepared and professionally marketed, your home would sell for even more than homes with little preparation and/or poor marketing. It still matters who you hire to list your home in this market. Since 2005, No One Knows Braemar Better!

Chris Ann Cleland 
Associate Broker, Licensed in VA
Long & Foster Real Estate

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s